What's new: Debt-ridden real estate developer Tahoe Group Co. Ltd. said its stock faces delisting from the Shenzhen Stock Exchange as the shares traded below 1 yuan ($0.14) for 13 consecutive days and aren't likely to return to the 1 yuan threshold before a 20-day limit. Stocks are automatically delisted if they trade for less than 1 yuan for 20 straight days or if their market value falls below 300 million yuan for a similar period, according to the Shenzhen bourse's listing rules.

https://www.caixinglobal.com/2023-05-25/tahoe-group-faces-delisting-from-shenzhen-stock-exchange-102058666.html

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